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Brandon Villas of Tampa

Schedule A: Project Cash Flow

Annual

  Total 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
DEVELOPMENT/CAPITAL ACCTS                      
Depr. assets acquired -5373000 -5373000                  
Land Development                      
Building Cost                      
Service structures                      
Architecture & Engineering                      
Elevator/Escalator                      
Furniture & Equipment -297000 -297000                  
Misc. Administration                      
Dev. Costs Expensed                      
Grants & Reimbursements                      
Contingency                      
Land -1150000 -1150000                  
Financing Fees -320000 -320000                  
Construction Interest -243288 -66495 -113875 -53349 -9568            
Internal Interest                      
Accounting Transfers 243288 66495 113875 53349 9568            
Capitalized Cost -7140000 -7140000                  
Capital Replacement                      
Ending Value . 11,951,895                   11,951,895
Capital Before Fin 4,811,895 -7140000                 11,951,895
Principal Flows . 2,259,315 7,047,937 32794 -39332 358600           -5140685
Developers Capital 7,071,210 -92063 32794 -39332 358600           6,811,210
                       
OPERATIONS                      
Income 11,746,650 484256 988814 1,039,203 1,101,179 1,166,873 1,236,510 1,310,324 1,388,567 1,471,505 1,559,419
Expenses . -4153068 -174290 -353522 -371670 -390754 -410824 -431929 -454124 -479126 -521191 -565638
Net Avail. for D.S. 7,593,582 309966 635292 667533 710425 756049 804581 856199 909441 950314 993781
Debt Service -5867831 -324993 -605866 -584731 -548422 -556500 -583000 -654764 -669852 -669852 -669852
Ground Rent                      
Participation .                      
Cash Flow 1,725,751 -15028 29427 82802 162003 199549 221581 201436 239589 280462 323929
Amortization . 159315             26416 39128 44090 49681
Earnings B.N.C.C. 1,885,066 -15028 29427 82802 162003 199549 221581 227852 278718 324552 373610
Non-Cash Charges . -3155863 -212966 -412964 -394213 -360143 -332210 -289873 -288373 -288373 -288373 -288373
Taxable Income -1270797 -227994 -383538 -311412 -198139 -132660 -68292 -60521 -9655 36179 85236
                       
FINANCING SUMMARY                      
Project Cash Flow. 13,179,336 -6623116 726921 763235 547687 818942 871198 926763 984184 1,029,486 13,134,038
Developer 2,475,069 101256 128177 61293 199299 66883 71049 74592 79535 84781 1,608,204
Lender 5,465,228 -5041502 491991 531382 538854 556500 583000 654764 669852 669852 5,810,536
Investor 3,887,700 -392401 -235794 -197661 -301993 231960 235888 214014 237445 264926 3,831,317
Other Entities -160545 -1227907 447789 453672 165897       2   2
Public 1,511,883 -62562 -105243 -85451 -54369 -36402 -18739 -16607 -2649 9927 1,883,979


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